Crypto Price Today Live: Dogecoin, Avalanche, Cardano, Polkadot shed up to 5%

economictimes.indiatimes.com:

The crypto Fear & Greed index has improved over the past few days but fear is not over yet. On the other hand, all eyes are set on the US Federal Reserve's monetary policy meeting this week.

Did you Know?

The Shiba Inu team launched a burn portal to help address the issue of the massive supply of SHIB tokens As of June 29, 2022, more than 400 trillion tokens have been burned to cap supply

All top crypto tokens were trading lower during early hours on Monday. Solana and Ethereum plunged about 6 per cent, whereas Dogecoin, Polkadot, Avalanche, XRP and Cardano tanked 5 per cent each. The global cryptocurrency market cap was trading lower at the $1.01 trillion mark, dropping about 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped over 4 per cent, close to $65.44 billion.Expert takeThe Monday selloff is being noticed in all Global Markets owing to the fact that the upcoming Federal Meeting (FOMC) is scheduled for 26-27th July, said CoinDCX Research Team. Asia's central banks have made their stance on regulating cryptocurrencies clear. Some countries welcome it as a new technology, while others want it prohibited, said WazirX Trade Desk. «Finland's authorities recently announced the sale of 1900 bitcoins confiscated from criminals in 2018 for $47 million. The government still has around 90 bitcoin valued at roughly $2 million,» it added.Global updatesThe bear market that’s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital. Trades involving the Grayscale Bitcoin Trust, Terra’s luna (LUNA) and terraUSD (UST) tokens eventually led to the blowup